The percentage of homeowners who reduced their listing prices rose 24.2 percent in September compared with a year ago, according to a monthly survey conducted by ZipRealty, which examines home listings in 26 major markets.
ZipRealty’s review found that 47.8 percent of homes listed for sale experienced at least one price reduction in September, up nearly 10 percent compared with a year ago. On average, homeowners within all markets studied reduced list prices by $19,165.
The San Francisco, Orange County, and San Diego markets were among those with the largest median price reduction in absolute dollars.
Source: ZipRealty
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